DJ Unaudited NAV and Notice of Financial Results
Arix Bioscience PLC (ARIX) Unaudited NAV and Notice of Financial Results 29-Apr-2022 / 10:44 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Arix Bioscience plc
Unaudited NAV and Notice of Financial Results
LONDON, 29 April 2022: Arix Bioscience plc ("Arix" or the "Company") (LSE: ARIX), a global venture capital company focused on investing in breakthrough biotechnology companies, announces the unaudited NAV of the Company as follows:
NAV Breakdown
Date Total NAV
Listed Portfolio Unlisted Portfolio Cash Other Interests NAV per share
31-Dec-21 GBP63.3m GBP54.6m GBP134.2m GBP3.3m GBP255.4m
GBP1.98
31-Mar-22 GBP53.5m GBP57.2m GBP127.8m GBP2.8m GBP241.3m
GBP1.87
In line with the reconstituted Board's desire to improve corporate governance and transparency, and with the current balance of public companies within the portfolio, Arix intends to provide regular market updates on its unaudited NAV and is therefore today also releasing its position as of 31 March 2022.
Arix will announce its results for the full year ended 31 December 2021, on 5 May 2022 utilising the FCA's temporary relief from reporting deadlines due to the impact of the Covid-19 pandemic. The Board does not expect any material changes to the NAV for the year ended 31 December 2021 on publication of the audited financial results.
The Company will also host a virtual analyst presentation followed by a Q&A session at 12pm GMT on 5 May. Analysts and investors who wish to participate should visit this link to register.
The webcast of the presentation will be available on the Investor Relations section of the Company's website at https://arixbioscience.com/investor-relations/events-presentations
For any details of the webcast or conference call please contact: arix@powerscourt-group.com
[ENDS]
Enquiries
For more information on Arix, please contact:
Arix Bioscience plc
+44 (0)20 7290 1050
ir@arixbioscience.com
Powerscourt Group
Sarah MacLeod, Ibrahim Khalil
+44 (0)20 7250 1446
arix@powerscourt-group.com
About Arix Bioscience plc
Arix Bioscience plc is a global venture capital company focused on investing in breakthrough biotech companies around cutting-edge advances in life sciences.
We collaborate with exceptional entrepreneurs and provide the capital, expertise and global networks to help accelerate their ideas into important new treatments for patients. As a listed company, we are able to bring this exciting growth phase of our industry to a broader range of investors. www.arixbioscience.com
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ISIN: GB00BD045071 Category Code: NOR TIDM: ARIX LEI Code: 213800OVT3AHQCXNIX43 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 158688 EQS News ID: 1339853 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
April 29, 2022 05:44 ET (09:44 GMT)
